Great to see IbKA back, look forward to reading your thoughts.
My thoughts are rather mundane and conservative at this point, a break of 1.5720 might provide good longs (replacing a higher long criteria of 1.6), otherwise still mostly short-term neutral long-term bearish at this particular price and time on cable, which would mean sell stops 1.5365 and 1.5385.
Lots of traders will be starting to roll over their September expiring futures contracts tomorrow and Wednesday is my guess. Friday appears to have been a rather weak interest in the GBP front-end futs so the run doesn't appear to have started quite yet.
The other likely outcome is that Stocky was the buyer at 1.537 and we will be at 1.700 by Friday.
My thoughts are rather mundane and conservative at this point, a break of 1.5720 might provide good longs (replacing a higher long criteria of 1.6), otherwise still mostly short-term neutral long-term bearish at this particular price and time on cable, which would mean sell stops 1.5365 and 1.5385.
Lots of traders will be starting to roll over their September expiring futures contracts tomorrow and Wednesday is my guess. Friday appears to have been a rather weak interest in the GBP front-end futs so the run doesn't appear to have started quite yet.
The other likely outcome is that Stocky was the buyer at 1.537 and we will be at 1.700 by Friday.